3-Bedroom Corner Off-Plan Apartment at Chelsea Residences Tower B by DAMAC, Dubai Maritime City — Below Original Price (incl. DLD)

Property Overview

This is an off-plan three-bedroom corner apartment at Chelsea Residences Tower B by DAMAC Properties, the world's first Chelsea Football Club-branded residences, in Dubai Maritime City. Measuring 2,050 sq ft with a full sea view, it is offered at AED 4,700,000 — AED 671,000 below the seller's stated original purchase price of AED 5,371,000 (including DLD), a discount of about 12.5%, at an indicative AED 2,293 per sq ft. Handover is scheduled for December 2029.

Property Highlights

• Off-plan three-bedroom corner apartment at Chelsea Residences Tower B
• 2,050 sq ft with a full sea view
• Priced AED 671,000 (about 12.5%) below the stated original cost including DLD
• Chelsea FC-branded waterfront residence with a private beach
• Asking price of AED 4,700,000 (approximately AED 2,293 per sq ft); handover December 2029

Why the Price Qualifies as Below OP

The seller states the apartment was originally purchased for AED 5,371,000, a figure stated as including DLD — that is, the original buyer's total acquisition cost. Against the current asking price of AED 4,700,000, this represents:

• Savings amount: AED 671,000
• Savings versus the stated original cost: about 12.5%
• Indicative rate: approximately AED 2,293 per sq ft, based on the 2,050 sq ft size

DPF's own calculation is about 12.5%; the agent's marketing states 14.4%, which is overstated. The brief described this as "below OP + DLD," which DPF has classified under the CMS value "Below OP," using the AED 5,371,000 all-in cost as the benchmark. The stated original cost is plausible for a corner, full-sea-view three-bedroom at this project, where three-bedroom units start from around AED 4.9M; buyers should confirm the exact original price and DLD against the signed SPA and Dubai Land Department records. The original purchase date was not supplied. The agent indicates an urgent sale, pointing to a motivated seller.

About the Project, Developer and Location

Chelsea Residences is a branded waterfront development by DAMAC Properties in partnership with Chelsea Football Club, the world's first football-branded residences. Designed by Gensler, it comprises six towers of 25 to 33 storeys with more than 1,400 one to three-bedroom apartments, arranged in single-loaded layouts with guaranteed sea views. Branded amenities include a Chelsea-inspired blue-sand beach and private beach access, an infinity sand pool and sea-facing pools, a rooftop football pitch, a football simulation room, an Athlete Performance Centre, an aqua gym, and a wellness zone with cryotherapy, halotherapy and rain therapy, alongside a Chelsea Sports Bar and branded dining. The development sits on a peninsula in Dubai Maritime City between Port Rashid and the mainland, minutes from Downtown Dubai and Dubai International Airport. Handover is scheduled for December 2029.

Layout, View and Corner Unit

The brief describes a three-bedroom apartment of 2,050 sq ft, marketed as a corner unit with a full sea view. Select three-bedroom layouts at Chelsea Residences offer dual-aspect corner living spaces; the corner designation, floor level, bathroom count, parking and furnishing for this specific unit were not confirmed and should be verified. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to DAMAC's transfer process and the signed SPA. The project has been offered on plans such as 60/40 and a 24% down / 1% monthly / 40% on handover structure; the amount paid to date, outstanding balance, transfer fees and exact handover for this unit should be confirmed. Handover is scheduled for December 2029.

Location and Connectivity

Dubai Maritime City is a master-planned waterfront district on a peninsula between Port Rashid and the Dubai Drydocks, minutes from Downtown Dubai, DIFC and Jumeirah. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: three-bedroom apartment, 2,050 sq ft, corner unit, full sea view, off-plan status, AED 4,700,000 asking price, an AED 5,371,000 original purchase price stated as including DLD, and a December 2029 handover.
• Deal classification: mapped from the brief's 'Below OP + DLD' to the CMS-valid 'Below OP', with the AED 5,371,000 all-in cost as the benchmark. Calculated by DPF: savings of AED 671,000 (about 12.5%) and an indicative AED 2,293 per sq ft. The agent's stated 14.4% is overstated; the accurate figure is about 12.5%.
• Anomaly check: the stated original cost is plausible for a corner full-sea-view 3-bedroom here (3-bedroom units from around AED 4.9M), so the discount is credible; confirm the OP against the SPA/DLD.
• Researched project facts: developer (DAMAC Properties), Chelsea FC branding, towers, sizes, amenities and December 2029 handover were taken from DAMAC/market sources.
• The agent's "Urgent Distress | 14.4% Below OP + DLD | Corner Unit" statement is preserved as an attributed agent marketing claim; DPF's own calculation is about 12.5%.